Dassault Aviation's 2010 profits up slightly, outlook bleak

17th March 2011, Comments 0 comments

France's Dassault Aviation posted on Thursday a 3.9 percent rise in net profit in 2010, saying it expected 2011 turnover to be "significantly down" in the depressed business market.

"Given the world's large stock of second hand planes for sale, the group does not expect the business aviation market to pick up in the short term," the company said in a statement.

Dassault said that net profit rose 3.9 percent to 267 million euros (372 million dollars) in 2010. Excluding its involvement in electronics giant Thales, the figure is up 23 percent to 395 million euros.

Dassault plans on delivering 70 Falcon business jets this year, down from 95 in 2010, and 11 Rafale fighter jets, similar to 2010.

"Turnover should therefore be significantly down," the company said.

© 2011 AFP

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